Why the Majors could still experience significant/sudden (catchup) growth.
Although equities rebounded big, margins have been outpacing and going vertical. FWIW, no longer ‘trading around a position’ based on TA.
Although equities rebounded big, margins have been outpacing and going vertical. FWIW, no longer ‘trading around a position’ based on TA.
” FWIW, no longer ‘trading around a position’ based on TA.” Excellent point YYZ. As I have pointed out a few times in posts and comments THIS TIME IS DIFFERENT. We have never before had a pending end to a 50+ year global fiat experiment. The circumstances driving this gold bull are unique. Yes, many technical indicators and sentiment measures will reach and even exceed past extremes, but in terms of historical precedent this is closer to Weimar Germany and Zimbabwe with the added factor of it being the reserve currency that is collapsing. Gold becomes the ONLY alternative.
Heh, looking at GDX this morning – what are the odds we get to $51.50?